Calibre Mining Corp. Shows Commitment to Transparency with ESTMA Report for 2024
- Calibre Mining Corp. published its ESTMA report for fiscal 2024, showcasing financial contributions in the U.S. and Nicaragua.
- The report details over $42 million in payments in Nicaragua and approximately $1.6 million in the U.S.
- Calibre's transparency enhances its reputation and competitive edge, attracting investors and fostering trust with local communities.
Calibre Mining Corp. Upholds Transparency with ESTMA Report Submission
Calibre Mining Corp. demonstrates its commitment to transparency and regulatory compliance with the recent publication of its Extractive Sector Transparency Measures Act (ESTMA) report for fiscal year 2024. Released on May 30, 2025, the report meticulously outlines the company's financial contributions to government entities in both the United States and Nicaragua during the reporting period from January 1 to December 31, 2024. This comprehensive overview not only reinforces Calibre's dedication to ethical business practices but also highlights the substantial economic impact of its operations across these regions.
The report reveals that Calibre Mining made significant payments totaling over $42 million in Nicaragua, with key contributions including $14 million in royalties to the General Directorate of Revenue. In the United States, the company reported payments amounting to approximately $1.6 million, which encompasses fees to the Bureau of Land Management, property taxes, and state taxation. Such payments underscore the critical role that Calibre plays in supporting local economies while ensuring compliance with stringent fiscal regulations. CFO Daniella Dimitrov's attestation of the report underscores the company's commitment to accuracy and integrity in its financial reporting.
Calibre Mining's proactive approach to transparency not only meets regulatory requirements but also sets a benchmark within the mining industry. By making its payments public, the company fosters trust with stakeholders and local communities, demonstrating its dedication to responsible mining practices. The substantial financial contributions detailed in the ESTMA report reflect Calibre's active engagement and positive influence in the jurisdictions where it operates, thereby solidifying its reputation as a responsible corporate citizen.
In addition to its financial disclosures, Calibre Mining's ESTMA report positions the company favorably in the eyes of regulatory bodies and investors who prioritize transparency as a key indicator of corporate governance. As the mining industry faces increasing scrutiny regarding environmental and social governance (ESG) practices, Calibre's commitment to transparency could enhance its competitive edge and attract further investment.
Overall, the publication of the ESTMA report not only exemplifies Calibre Mining Corp.'s dedication to transparency and ethical operations but also highlights its significant economic contributions in the extractive sector, reinforcing its status as a responsible leader in the industry.